Fullerton Chamber Of Commerce
- Assets
- $34.2k
- Revenue
- $272.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Fullerton, CA
- Founding
- 06/1977
- Data as of
- 06/2023
- EIN
- 95-0756120
Organization Overview
Fullerton Chamber Of Commerce is located in Fullerton, CA. The organization was established in 1977. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Fullerton Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fullerton Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Fullerton Chamber Of Commerce generated $272.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $333.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE COMMERCIAL, INDUSTRIAL, EDUCATIONAL, CULTURAL AND CIVIC INTERESTS OF THE COMMUNITY OF FULLERTON AND ITS TRADE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES AND ASSESSMENTS - THE BENEFITS OF MEMBERSHIP INCLUDE THE AVAILABILITY OF TOOLS TO ASSIST IN THE OPERTATION AND PROMOTION OF MEMBER BUSINESSES, ONGOING NETWORKING AND EDUCATIONAL OPPORTUNITIES, AND PROVIDE AN EXCELLENT OPPORTUNITY FOR BUSINESSES TO BECOME GOOD CORPORATE NEIGHBORS BY SUPPORTING THE COMMUNITIES IN WHICH THEY ARE LOCATED AND SERVED BY THE CHAMBER.
MEMBER EVENTS AND PROGRAMS - VARIOUS BUSINESS AND PLANNING CONFERENCES ARE ARRANGED BY THE CHAMBER EACH YEAR TO INFORM AND EDUCATE MEMBERS OF CURRENT BUSINESS ISSUES AND IDEAS THAT MAY BE RELEVANT TO THEIR NEEDS.
OTHER MEMBERSHIP SERVICES - OTHER SERVICES ARE PROVIDED BY THE CHAMBER HELP PROMOTE THE ECONOMIC DEVELOPMENT OF THE CHAMBER'S MEMBERSHIP AND GIVE THE MEMBERS TOOLS TO ENHANCE THEIR PROFESSIONAL DEVELOPMENT, KNOWLEDGE BASE AND NETWORKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Fernandez Chair | OfficerTrustee | 0.2 | $0 |
Lauren Sweeney Chair Elect | OfficerTrustee | 0.2 | $0 |
Katie Savant Vice Chair | OfficerTrustee | 0.2 | $0 |
Annie Liu-Amoah Treasurer | OfficerTrustee | 0.2 | $0 |
Helen Eligio Member At-Large | Trustee | 0.2 | $0 |
Gabrielle Mullinax Member At-Large | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $270,187 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,112 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,957 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,475 |
| Payroll taxes | $11,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $755 |
| Office expenses | $8,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,464 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,166 |
| All other expenses | $20,669 |
| Total functional expenses | $333,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $34,163 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $24,500 |
| Other liabilities | $26,046 |
| Total liabilities | $50,546 |
| Net assets without donor restrictions | -$16,383 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,163 |